v3.26.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Fixed Assets Fixed assets, other than plant facilities associated with productive, depletable properties, are depreciated using the straight-line method over the estimated useful lives of the assets as follows:

 

Plant facilities and equipment

 

1 – 40 years

Furniture and office equipment

 

3 – 15 years

Computer and network equipment

 

3 – 7 years

Buildings and leasehold improvements

 

5 – 40 years

Logistics equipment (1)

 

2 – 40 years

Power equipment (2)

 

1 – 15 years

(1) Logistics equipment consists of our fleet of fit-for-purpose trucks and trailers, wellsite equipment, and the Dune Express.

(2) Power equipment consists of our fleet of generators and microgrids and equipment utilized to service the fleet.

Schedule of Change in Asset Retirement Obligation

Changes in the asset retirement obligations are as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Beginning Balance

 

$

9,225

 

 

$

7,817

 

Accretion expense

 

 

214

 

 

 

189

 

Settlements

 

 

(504

)

 

 

(483

)

Ending Balance

 

$

8,935

 

 

$

7,523

 

 
Summary of Fair Values and Carrying Values of Long-Term Debt

As of the dates indicated, our debt consisted of the following (in thousands):

 

 

At March 31, 2026

 

 

At December 31, 2025

 

 

 

 

Carrying Value (a)

 

 

Fair Value

 

 

Carrying Value (a)

 

 

Fair Value

 

 

Valuation Technique

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding principal amount of the 2025 Term Loan Credit Facility

 

$

496,418

 

 

$

577,860

 

 

$

500,761

 

 

$

590,526

 

 

Level 2 – Market Approach

Outstanding principal amount of the 2023 ABL Credit Facility

 

$

75,000

 

 

$

75,000

 

 

$

50,000

 

 

$

50,000

 

 

Level 1 – Quoted Prices

Outstanding amount of the other indebtedness

 

$

51,254

 

 

$

51,254

 

 

$

18,383

 

 

$

18,383

 

 

Level 1 – Quoted Prices

Outstanding principal amount of the Deferred Cash Consideration Note

 

$

—

 

 

$

—

 

 

$

9,777

 

 

$

9,985

 

 

Level 2 – Market Approach

(a) Net of discount and deferred financing costs
Schedule of Changes in Deferred revenues

Changes in the deferred revenues balance are as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Beginning Balance

 

$

1,404

 

 

$

7,755

 

Customer prepayment acquired in acquisitions

 

 

—

 

 

 

923

 

Consideration deferred

 

 

3,477

 

 

 

268

 

Revenue recognized

 

 

(213

)

 

 

(2,286

)

Ending Balance

 

$

4,668

 

 

$

6,660